Non-Extension Advance definition

Non-Extension Advance means an Advance made pursuant to Section 2.02(b).
Non-Extension Advance means an Advance pursuant to Section 2.02(b).
Non-Extension Advance means an Advance made pursuant to Section --------------------- ------- 2.02(b). -------

Examples of Non-Extension Advance in a sentence

The Non-Extension Advance should be remitted to [insert wire and account details].

For purposes of this paragraph, the terms "Applied Downgrade Advance", "Applied Non-Extension Advance", "Cash Collateral Account", "Downgrade Advance", "Final Advance", "Investment Earnings", "Non-Extension Advance" and "Unpaid Advance" shall have the meanings specified in each Liquidity Facility or the Intercreditor Agreement referred to therein.

As used in this Section "Designated Interest Rate" means the weighted average Past Due Rate (as defined in the applicable Indentures) except with respect to that portion of any Final Drawing (or Applied Downgrade Advance or Applied Non-Extension Advance which becomes a Final Drawing) which remains in a Cash Collateral Account, Designated Interest Rate means the weighted average Investment Earnings of funds in the Cash Collateral Accounts.

Such fee shall be payable in arrears on each Regular Distribution Date and, in the event of the payment of principal of such Downgrade Advance or Non-Extension Advance on a day other than a Regular Distribution Date, on the date of such payment (to the extent of the foregoing fee accrued on the amount of principal repaid).

In addition, the Borrower shall pay, or shall cause to be paid, to the Liquidity Provider, a fee equal to 0.35% per annum on the unpaid principal amount of each Downgrade Advance or Non-Extension Advance (other than an Applied Downgrade Advance or an Applied Non-Extension Advance) from and including the date of such Advance to but excluding the date such principal amount shall be paid in full.


More Definitions of Non-Extension Advance

Non-Extension Advance means an Advance pursuant to Section 2.02(b). ---------------------